Conference Call Information:
There is no conference call scheduled in association with this announcement.
The Company is scheduled to announce its full results for the fourth fiscal quarter of 2013 and host its regularly quarterly conference call on
August 15, 2013
10:00 AM (ET)
. A live webcast of the conference call will be available on our corporate website:
. Also available is a dial-in number to access the call real-time at (866) 804-3545. A replay will be offered beginning approximately two hours after the call ends and will be available for one week. Dial (888) 266-2081 to access the replay. The pass code will be 1596431.
Non-GAAP Financial Measures
Briggs & Stratton prepares its financial statements using Generally Accepted Accounting Principles (GAAP). This press release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the SEC, including the revised guidance range for expected diluted earnings per share which excludes estimated charges related to restructuring actions, legal settlements and other non-cash charges. A "non-GAAP financial measure" is generally defined as a numerical measure of a company's historical or future performance that excludes or includes amounts, or is subject to adjustments, so as to be different from the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles ("GAAP"). The revised guidance range for expected diluted earnings per share for fiscal 2013, excluding estimated charges related to restructuring, legal settlements and other non-cash charges is a financial measure that is not defined by GAAP and should be viewed in addition to, and not in lieu of diluted earnings per share and other financial measures on a GAAP basis. Briggs & Stratton Corporation management believes that these non-GAAP financial measures, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionately positive or negative impact on results in any particular period. Management also believes that these non-GAAP financial measures enhance the ability of investors to analyze our business trends and to understand our performance. In addition, we may utilize non-GAAP financial measures as a guide in our forecasting, budgeting and long-term planning process. Non-GAAP financial measures should be considered in addition to, and not as a substitute for, or superior to, financial measures presented in accordance with GAAP.